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Garrigues

Corporate Law 2011

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Award levelCommended
InnovationSale and leaseback of Tryp brand from Sol Melia to Wyndham Hotel Group
Originality6
Rationale6
Impact6
Total18
DescriptionA new kind of joint-venture structure to allow Sol Melia to retain use of the trademark for 10 years and benefit from its growth. The structure has already been copied in the hotel sector.